Forex Trend Analysis Report
Prepared for you on Wednesday, June 28, 2017.
Colombian Peso/Brazilian Real (FOREX:COPBRL)
Smart Scan Chart Analysis indicates a counter trend rally is underway. It also indicates that the current down trend could be changing and moving into a trading range Sidelines Mode.
The Trade Triangles are generated using a proprietary algorithm that is comprised of weighted factors that include, but are not limited to - price change, percentage change, moving averages, and new highs/lows. The MarketClub trading strategy is based on the triangles, learn more here.
MarketClub’s Trade Triangles for COPBRL
The long term trend has been UP since Apr 24th, 2017 at 0.001110
The intermediate term trend has been DOWN since Jun 19th, 2017 at 0.001105
The short term trend has been UP since Jun 25th, 2017 at 0.001105
Smart Scan Analysis for COPBRL
Based on a pre-defined weighted trend formula for chart analysis, COPBRL scored -55 on a scale from -100 (strong downtrend) to +100 (strong uptrend).